Logix Federal Credit Union Mortgage Lending & HMDA Data, 2013

In 2013, Logix Federal Credit Union of Valencia, CA reported 3,658 mortgage applications totaling $1.1 billion, down 9% from 2012. The average application was for $297,674, and applicants reported an average income of $128,875. 68% of its applications resulted in an originated loan and 11% were denied. Its largest markets were Los Angeles-Long Beach-Glendale, CA (2,386), Oxnard-Thousand Oaks-Ventura, CA (419) and Manchester-Nashua, NH (127) (applications in parentheses).

Mortgage Company & Address Logix Federal Credit Union
2340 Hollywood Way
Valencia, CA 91355
Tel #: available with data download
Federal Regulator * available with data download
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Total Number of Mortgage Applications 3,658
Total Mortgage Loan Application Amount $1,088,893,000
Average Mortgage Loan Application Amount $297,674
Highest Mortgage Loan Application Amount $4,350,000
Average Applicant Income $128,875
Highest Applicant Income $4,704,000

About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Logix Federal Credit Union filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans. Applications reported at $100 million or more are left out of these totals.

Mortgage Loan Application Totals for Logix Federal Credit Union by County in 2013

County Total Number of Mortgage Loan Applications Total Dollar Amount of Mortgage Loans Applications Average Mortgage Loan Application Amount Average Applicant Income
Los Angeles, California 2,386 $ 720,997,000 $ 302,178 $ 122,000
Ventura, California 419 $ 140,437,000 $ 335,171 $ 136,000
Hillsborough, New Hampshire 127 $ 23,723,000 $ 186,795 $ 124,000
Orange, California 90 $ 35,977,000 $ 399,744 $ 185,000
Riverside, California 61 $ 13,341,000 $ 218,704 $ 128,000
San Bernardino, California 61 $ 14,160,000 $ 232,131 $ 175,000
Kern, California 56 $ 8,569,000 $ 153,017 $ 121,000
Clark, Nevada 33 $ 5,733,000 $ 173,727 $ 153,000
San Diego, California 30 $ 9,746,000 $ 324,866 $ 152,000
Maricopa, Arizona 21 $ 3,149,000 $ 149,952 $ 122,000
Rockingham, New Hampshire 19 $ 3,812,000 $ 200,631 $ 143,000
Contra Costa, California 15 $ 5,802,000 $ 386,800 $ 186,000
San Luis Obispo, California 13 $ 3,644,000 $ 280,307 $ 220,000
Santa Barbara, California 13 $ 6,543,000 $ 503,307 $ 193,000
Sacramento, California 9 $ 2,156,000 $ 239,555 $ 141,000
Middlesex, Massachusetts 9 $ 1,914,000 $ 212,666 $ 168,000
Mohave, Arizona 8 $ 1,499,000 $ 187,375 $ 145,000
Santa Clara, California 7 $ 1,777,000 $ 253,857 $ 175,000
Broward, Florida 7 $ 2,005,000 $ 286,428 $ 629,000
Fresno, California 6 $ 1,686,000 $ 281,000 $ 144,000
San Mateo, California 5 $ 2,779,000 $ 555,800 $ 121,000
Montgomery, Maryland 5 $ 1,479,000 $ 295,800 $ 197,000
Merrimack, New Hampshire 5 $ 731,000 $ 146,200 $ 116,000
Fairfax, Virginia 5 $ 2,246,000 $ 449,200 $ 133,000
Yavapai, Arizona 4 $ 618,000 $ 154,500 $ 125,000
Alameda, California 4 $ 2,077,000 $ 519,250 $ 91,000
El Dorado, California 4 $ 745,000 $ 186,250 $ 77,000
Sonoma, California 4 $ 1,331,000 $ 332,750 $ 242,000
Pasco, Florida 4 $ 721,000 $ 180,250 $ 96,000
Polk, Florida 4 $ 225,000 $ 56,250 $ 88,000
Pima, Arizona 3 $ 360,000 $ 120,000 $ 100,000
Merced, California 3 $ 394,000 $ 131,333 $ 111,000
Tulare, California 3 $ 368,000 $ 122,666 $ 60,000
York, Maine 3 $ 1,355,000 $ 451,666 $ 72,000
Anne Arundel, Maryland 3 $ 1,580,000 $ 526,666 $ 171,000
Baltimore, Maryland 3 $ 697,000 $ 232,333 $ 104,000
Worcester, Massachusetts 3 $ 601,000 $ 200,333 $ 165,000
Belknap, New Hampshire 3 $ 803,000 $ 267,666 $ 214,000
Arlington, Virginia 3 $ 3,168,000 $ 1,056,000 $ 344,000
Butte, California 2 $ 206,000 $ 103,000 $ 61,000
Marin, California 2 $ 1,093,000 $ 546,500 $ 189,000
Mono, California 2 $ 492,000 $ 246,000 $ 64,000
Napa, California 2 $ 668,000 $ 334,000 $ 105,000
Nevada, California 2 $ 749,000 $ 374,500 $ 80,000
Brevard, Florida 2 $ 343,000 $ 171,500 $ 142,000
Duval, Florida 2 $ 115,000 $ 57,500 $ 157,000
Cumberland, Maine 2 $ 451,000 $ 225,500 $ 173,000
Carroll, Maryland 2 $ 693,000 $ 346,500 $ 67,000
Prince George's, Maryland 2 $ 331,000 $ 165,500 $ 324,000
Barnstable, Massachusetts 2 $ 469,000 $ 234,500 $ 244,000
Essex, Massachusetts 2 $ 907,000 $ 453,500 $ 105,000
Lyon, Nevada 2 $ 476,000 $ 238,000 $ 126,000
Nye, Nevada 2 $ 141,000 $ 70,500 $ 75,000
Washoe, Nevada 2 $ 304,000 $ 152,000 $ 217,000
Carroll, New Hampshire 2 $ 421,000 $ 210,500 $ 266,000
La Paz, Arizona 1 $ 30,000 $ 30,000 $ 36,000
Amador, California 1 $ 175,000 $ 175,000 $ 101,000
Humboldt, California 1 $ 178,000 $ 178,000 $ 101,000
Imperial, California 1 $ 60,000 $ 60,000 $ 70,000
Monterey, California 1 $ 628,000 $ 628,000 $ 101,000
Placer, California 1 $ 284,000 $ 284,000 $ 107,000
Plumas, California 1 $ 130,000 $ 130,000 $ 44,000
San Francisco, California 1 $ 220,000 $ 220,000 $ 638,000
Santa Cruz, California 1 $ 400,000 $ 400,000 $ 83,000
Shasta, California 1 $ 417,000 $ 417,000 $ 99,000
Solano, California 1 $ 317,000 $ 317,000 $ 185,000
Yolo, California 1 $ 200,000 $ 200,000 $ 208,000
District of Columbia, District Of Columbia 1 $ 180,000 $ 180,000 $ 65,000
Columbia, Florida 1 $ 110,000 $ 110,000 $ 96,000
Hillsborough, Florida 1 $ 87,000 $ 87,000 $ 159,000
Martin, Florida 1 $ 220,000 $ 220,000 $ 83,000
Okaloosa, Florida 1 $ 50,000 $ 50,000 $ 0
Orange, Florida 1 $ 256,000 $ 256,000 $ 111,000
Osceola, Florida 1 $ 176,000 $ 176,000 $ 156,000
Pinellas, Florida 1 $ 73,000 $ 73,000 $ 157,000
Sarasota, Florida 1 $ 245,000 $ 245,000 $ 59,000
Cherokee, Georgia 1 $ 114,000 $ 114,000 $ 76,000
Kennebec, Maine 1 $ 650,000 $ 650,000 $ 285,000
Lincoln, Maine 1 $ 314,000 $ 314,000 $ 180,000
Penobscot, Maine 1 $ 195,000 $ 195,000 $ 136,000
Baltimore City, Maryland 1 $ 30,000 $ 30,000 $ 116,000
Dukes, Massachusetts 1 $ 250,000 $ 250,000 $ 140,000
Norfolk, Massachusetts 1 $ 166,000 $ 166,000 $ 124,000
Suffolk, Massachusetts 1 $ 187,000 $ 187,000 $ 124,000
Carson City, Nevada 1 $ 108,000 $ 108,000 $ 89,000
Douglas, Nevada 1 $ 260,000 $ 260,000 $ 71,000
Coos, New Hampshire 1 $ 50,000 $ 50,000 $ 49,000
Fort Bend, Texas 1 $ 212,000 $ 212,000 $ 100,000
Parker, Texas 1 $ 113,000 $ 113,000 $ 32,000
Washington, Utah 1 $ 189,000 $ 189,000 $ 92,000
Amherst, Virginia 1 $ 164,000 $ 164,000 $ 154,000
Kitsap, Washington 1 $ 112,000 $ 112,000 $ 147,000

Mortgage Loan Application Detail Totals for Logix Federal Credit Union in 2013

Loan Purpose

Total Number of Mortgage Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Amount Highest Mortgage Loan Amount Average Applicant Income Highest Applicant Income
Refinancing 2,646 $782,426,000 $295,000 $4,350,000 $127,000 $4,704,000
Home Purchase 809 $270,625,000 $334,000 $2,000,000 $141,000 $3,117,000
Home Improvement 203 $35,842,000 $176,000 $800,000 $105,000 $588,000

Applicant Race

Total Number of Mortgage Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Amount Highest Mortgage Loan Amount Average Applicant Income Highest Applicant Income
White 1,911 $581,071,000 $304,000 $4,350,000 $135,000 $4,704,000
Not Provided 737 $239,623,000 $325,000 $2,000,000 $149,000 $3,117,000
Hispanic 582 $136,729,000 $234,000 $975,000 $84,000 $548,000
Asian 318 $98,679,000 $310,000 $1,313,000 $128,000 $718,000
Black or African American 67 $19,945,000 $297,000 $2,000,000 $122,000 $464,000
Native Hawaiian or Other Pacific Islander 32 $10,593,000 $331,000 $764,000 $106,000 $304,000
American Indian or Alaskan Native 11 $2,253,000 $204,000 $402,000 $82,000 $143,000
Not applicable 0 $0 $0 $0 $0 $0

Loan Type

Total Number of Mortgage Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Amount Highest Mortgage Loan Amount Average Applicant Income Highest Applicant Income
Conventional (any loan other than FHA, VA, FSA, or RHS loans) 3,658 $1,088,893,000 $297,000 $4,350,000 $129,000 $4,704,000
FHA-insured (Federal Housing Administration) 0 $0 $0 $0 $0 $0
FSA/RHS (Farm Service Agency or Rural Housing Service) 0 $0 $0 $0 $0 $0
VA-guaranteed (Veterans Administration) 0 $0 $0 $0 $0 $0

Outcome

Total Number of Mortgage Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Amount Highest Mortgage Loan Amount Average Applicant Income Highest Applicant Income
Loan Originated 2,495 $710,021,000 $284,000 $3,664,000 $132,000 $3,117,000
Application Denied By Financial Institution 420 $145,992,000 $347,000 $4,350,000 $116,000 $4,704,000
Application Withdrawn By Applicant 402 $120,662,000 $300,000 $2,000,000 $135,000 $2,350,000
File Closed For Incompleteness 151 $48,654,000 $322,000 $2,000,000 $124,000 $950,000
Preapproval Denied by Financial Institution 127 $44,086,000 $347,000 $1,760,000 $93,000 $940,000
Application Approved But Not Accepted 63 $19,478,000 $309,000 $840,000 $111,000 $305,000
Loan Purchased By The Institution 0 $0 $0 $0 $0 $0
Preapproval Approved but not Accepted 0 $0 $0 $0 $0 $0

Denial Reason

Total Number of Mortgage Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Amount Highest Mortgage Loan Amount Average Applicant Income Highest Applicant Income
Debt-To-Income Ratio 153 $50,563,000 $330,000 $1,200,000 $62,000 $341,000
Other 105 $46,962,000 $447,000 $4,350,000 $157,000 $940,000
Collateral 89 $30,837,000 $346,000 $1,403,000 $126,000 $527,000
Credit History 72 $20,504,000 $284,000 $738,000 $173,000 $4,704,000
Insufficient Cash (Downpayment, Closing Cost) 67 $20,214,000 $301,000 $996,000 $77,000 $210,000
Mortgage Insurance Denied 26 $8,886,000 $341,000 $625,000 $100,000 $208,000
Credit Application Incomplete 11 $3,941,000 $358,000 $1,470,000 $121,000 $538,000
Unverifiable Information 7 $1,240,000 $177,000 $365,000 $31,000 $63,000
Employment History 6 $2,715,000 $452,000 $828,000 $65,000 $162,000

Our comprehensive HMDA mortgage statistics provide invaluable insights into Logix Federal Credit Union's 2013 lending activity. By analyzing detailed data on mortgage applications, total loan amounts, applicant incomes, loan purposes, and approval rates, industry professionals, researchers, and analysts can gain a clear understanding of this lender's role in the mortgage market.

This in-depth HMDA data allows real estate experts, financial analysts, and policymakers to track lending trends, evaluate borrower demographics, and assess Logix Federal Credit Union's mortgage approval patterns. Utilize this powerful dataset to analyze market performance, compare lending practices, and make data-driven decisions in the ever-changing mortgage industry.
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